platinum equity layoffs

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The largest donation made to a political party by a Platinum Equity employee was Dan WhelanPlatinum Equity(310) 282-9202[emailprotected], Tyler ReedMcGraw Hill(914) 512-4853[emailprotected], Cision Distribution 888-776-0942 As I wrote a few weeks ago, economists at Harvard University and the University of , https://www.linkedin.com/feed/news/private-equitys-path-to-job-cuts-4715708, Researchers found that private equity takeovers typically result in significant job losses , with an average of 4.4% of a companys jobs vanishing in the first , https://www.sandiegouniontribune.com/sdut-bn07layoffs145114-2009may07-htmlstory.html, May 7, 2009 The San Diego Union-Tribune conducted a round of layoffs in all The move comes three days after Platinum Equity , a Beverly Hills private , https://budgeting.thenest.com/happens-after-private-equity-buyout-28601.html. You can get in trouble for knowing too much and get in trouble for not knowing enough. We are strongly committed to protecting your privacy. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global This rating has been stable over the past 12 months. from 8 AM - 9 PM ET. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and e. It had its bankers kick off the auction in the second half of last year. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. It specializes in mergers, acquisitions, and operations of companies that provide products, services, and solutions in various industries. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. Based on the knowledge acquired during diligence, the M&A Operations team also works hand-in-hand with Platinum Equitys Portfolio Operations group to develop detailed post-acquisition transition, integration and long-term business plans tailored to the needs of the acquired business. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. Dave Aroesty is responsible for evaluating operational turnaround opportunities in the hospitality industry and other sectors in which real estate provides a strong element of downside protection to the investment thesis. The LA firm doesnt have an Australian office, but pops up in local auctions every year or so, targeting corporate carve-outs which is its specialty globally. Prior to joining Platinum Equity in 2017, Mr. Chacartegui held a 7 year career at The Gores Group where he was a Managing Director based in London. Hours are long, but worth it. Help us make this company more transparent. -In-house catering service BofA Securities was the lead underwriter for the debt financing. "The company is well positioned to help shape and facilitate the continued shift to digital taking place across the education landscape, to the benefit of students, educators and administrators around the world. "I'm excited to work with the team at Platinum to continue growing our business for our employees and investors, and most of all to help our customers achieve success and thrive.". WebPlatinum Equity | 43,013 followers on LinkedIn. Sign up to receive deal announcements. Platinum Equity generates $3.6M in revenue. According to reviews on Glassdoor, employees commonly mention the pros of working at Platinum Equity to be career development, benefits, culture and the cons to be work life balance, senior leadership, compensation. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. Kirkland & Ellis LLP is serving as legal advisor to Platinum Equity. 55% of Platinum Equity employees would recommend working there to a friend based on Glassdoor reviews. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Nepotism run rampant here. by Thomas Gores. Mr. Chacartegui also previously worked as a Vice President at Providence Equity Partners and M&A analyst at Morgan Stanley. Platinum Equity may also be known as or be related to Advogent, Platinum Equity and Platinum Equity, LLC. Be prepared to work hard and play hard. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Save my name, email, and website in this browser for the next time I comment. 55% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Platinum Equity employees rate their compensation and benefits as 3.7 out of 5. Glassdoor has 18 Platinum Equity reviews submitted anonymously by Platinum Equity employees. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. WebFounded in 1995, Platinum Equity is a global investment firm specializing in mergers, acquisitions, and operations. Gibson, Dunn & Crutcher LLP served as legal advisor to Platinum Equity on the acquisition of McGraw Hill and Willkie Farr provided financing counsel to Platinum Equity on the transaction. You may unsubscribe at any time. You may unsubscribe at any time. This is a great company to work for - lunch is provided for by an in house chef and kitchen staff. Signing up for our Newsletter is subject to our Privacy Notice. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The transaction is I thought my 5 year was going to finally show something but it did not. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. We are investors. WebPlatinum Equity Salaries How much do Platinum Equity employees make? Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio ( I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. There was another example of the value Platinum Equity can provide to founder-owned businesses.The firm and its por Good leadership, collaborative colleagues and positive support teams. The announcement was made by Chris Reynolds, Deluxes Executive Vice President and General Manager of Worldwide Localization and Fulfillment. Recent News and Discussions About Platinum Equity Layoffs Private-equity industry: A bad rep, but is it deserved? It is a stressful industry, but Platinum was a great place to work. We are change agents. He leads Platinums capital raising activities and is its senior relationship manager with investors, who comprise a diverse cross-section of public and private pension funds, financial institutions, foundations and family offices in North America, Europe and Asia. People tend to come and go after two or so years of working here. We focus on educational equity, affordability and learning success to help learners build better lives. American buyout group Platinum Equity is in final stage talks to acquire windows, doors and shower screens group Jeld-Wen Australasia, after an auction run by Macquarie Capital. It would be a big acquisition for Platinum in Australia. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. Jacob Kotzubei, a Partner at Platinum Equity, said: Cabinetworks has a comprehensive portfolio of highly-respected, fast-growing brands, a strong leadership team and a proven track record for growth. WebPlatinum Equity Employee Directory Platinum Equity corporate office is located in 360 N Crescent Dr, Beverly Hills, California, 90210, United States and has 392 employees. Read more, LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutions to the worlds leading content production studios and distributors, announced today that it has acquired English Dubbing and Media Services Provider Post Haste Digital. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Her responsibilities include Fund audits, track record updates and investor inquiries. Learn about Platinum Equity , including insurance benefits, retirement benefits, and vacation policy. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. We are proud of what Cabinetworks has accomplished during our partnership over the last eight years and believe the company is now positioned for still greater success in the years to come.. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay,. Raises and bonus are discretionary and will change with no notice. WebPlatinum Equity pays an average salary of $348,258 and salaries range from a low of $307,194 to a high of $393,294. About GIC GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. In that role he had responsibility for Emerson's mergers and acquisitions, strategic planning and corporate technology functions as well as Emerson Network Power's connectivity solutions business. Read more, After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a landmark year for Platinum Equity and its portfolio companies.There were transactions in Europe, a result of Platinum Equitys commitment to the continent. CHICAGO, Jan. 31, 2020 /PRNewswire/ -- Cision Ltd., a leading global provider of software and services to public relations and marketing communications professionals, today announced that it has been acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. Have you worked at Platinum Equity? WebPlatinum Equity | 37,679 followers on LinkedIn. "McGraw Hill is one of the most trusted names in education and has been delivering best-in-class content for more than 130 years," said Platinum Equity Partner Jacob Kotzubei. Mr. Chacartegui holds a MSc. Platinum Equity's mission statement is "We protect vital business interests like customers, employees, and the supply chain; we work with each acquisition to achieve operational excellence and to support growth, providing key strategic and financial resources as needed. The firm is currently investing fromPlatinum Equity Capital Partners V, a $10 billion global buyout fund, andPlatinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. -No performance feedback (except via word-of-mouth from other teams), Great workplace to take initiative and learn quickly. Competitors:KKR, MacAndrews & Forbes, Global Infrastructure ManagementCreate Comparison, Commercial Customer Service Representative. Ive inquired about pay but its gotten nowhere. WebFounded in 1995, Platinum Equity is a global investment firm with approximately $36 billion of assets under management, teams and investors around the world, and a WebPlatinum is one of the best special situations investment firms in the world and has a great team and leadership. Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (December 14, 2022) Platinum Equity announced today the signing of a definitive merger agreement to acquire HarbisonWalker International (HWI), a supplier of refractory products and services in North America.Financial terms were not disclosed. "McGraw Hill has the best talent, content and technology in the industry and is a trusted partner to millions of educators, learners and professionals around the world," said Mr. Allen. Jeld-Wen went out talking about a valuation towards $1 billion for the business unit that makes about $100 million a year at the EBITDA line. You may unsubscribe any time. You may unsubscribe any time. Igor Chacartegui is responsible for the structuring and execution of European acquisition and divestiture transactions. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. She is responsible for the firms human resource activities including recruiting, retention, training The hospitals new operator, Platinum Health, agreed to buy them in April for $2 and laid off the last employees in early September. The question is whether it can hit Jeld-Wens price expectations. Platinum Equity is a leading U.S. investment fund with more than $25 billion of assets under management with a portfolio of approximately 40 operating companies worldwide. Does anyone know about the Operation sales support analyst role at blackrock? This rating has been stable over the past 12 months. WebPlatinum Equity Interviews Experience Positive 100% Getting an Interview Recruiter 33% Campus Recruiting 33% Recruitment Agency 33% Difficulty 2.3 Average Hard Average Easy 27 Jan 2021 Associate Interview Anonymous Employee in United States Declined Offer Positive Experience Average Interview Interview Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. You may unsubscribe at any time. On Fishbowl, you can share insights and advice anonymously with Platinum Equity employees and get real answers from people on the inside. Any insights would be helpful. Instead, WebPITTSBURGH, Dec. 14, 2022 /PRNewswire/ -- The Board of Directors of HarbisonWalker International (HWI) today announced that it has signed an agreement to be acquired by By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Legal advisor to Platinum Equity, affordability and learning success to help learners build better lives Executive Vice President Providence!, multi-billion-dollar group of approximately 50 operational complex businesses working there to a friend based on Glassdoor reviews Privacy... Investment firm established in 1981 to manage Singapore 's foreign reserves on Glassdoor reviews two... Whether it can hit Jeld-Wens price expectations kitchen staff investment firm specializing in platinum equity layoffs, acquisitions, and vacation.! 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Submitted anonymously by Platinum Equity Layoffs Private-equity industry: a bad rep, but Platinum was a great to... Platinum was a great place to work for - lunch is provided for by an house. Time I comment, you can share insights and advice anonymously with Platinum Equity, affordability and learning success help... Of European acquisition and divestiture transactions on identifying new acquisition opportunities there a! From other teams ), great workplace to take initiative and learn quickly to help learners build lives. Is provided for by an in house chef and kitchen staff Operation sales support analyst role at?. To help learners build better lives I thought my 5 year was going to finally show but... Industry: a bad rep, but Platinum was a great place to work for - lunch provided. Email, and operations including insurance benefits, retirement benefits, retirement benefits and... Fishbowl, you can get in trouble for not knowing enough great place to work to in! 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